International

• Tuesday, July 17th 2012 - 18:27 UTC

  MEP's surprised at Mercosur and Unasur drastic decisions on Paraguay

  

  The European lawmakers’ delegation said it was surprised with the drastic and quick determinations, with no right to defence or appeal, decided against Paraguay by Mercosur and Unasur, said Paraguayan Foreign Minister Jose Felix Fernandez Estigarribia, following a meeting in Asuncion with the visiting MEPs.

• Tuesday, July 17th 2012 - 04:55 UTC

  Premier Oil Falklands’ deal has full support from Foreign Office and markets

  

  Britain's Premier Oil which reached a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands took advice from the Foreign Office before closing the deal, according to UK media.

• Monday, July 16th 2012 - 23:59 UTC

  IMF cuts world growth forecast; Latam drops from 3.7% to 3.4%

  

  International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.

• Monday, July 16th 2012 - 23:48 UTC

  Italian banks downgraded but risk-rating agencies analysis are also questioned

  

  UniCredit SpA and Intesa Sanpaolo SpA were among 13 Italian banks that had long-term debt, deposit or issuer ratings cut by Moody’s Investors Service, which cited the government’s weakened creditworthiness.

• Monday, July 16th 2012 - 23:42 UTC

  Manchester United retains title as the world’s most valuable sports team, says Forbes

  

  English football club Manchester United retained their title as the world's most valuable sports team, according to an annual top 50 list released by Forbes on Monday that was dominated by National Football League (NFL) franchises.

• Monday, July 16th 2012 - 14:51 UTC

  Iconic Falklands’ veteran Vulcan opened Farnborough Air-show

  

  Britain’s Farnborough International Air-show opened last week with a joint flypast of the Red Arrows and the world’s last airworthy Avro Vulcan bomber XH558 commemorating the 30th anniversary of the Falklands War.

• Monday, July 16th 2012 - 07:11 UTC

  Paraguay optimistic about the OAS report and its repercussions

  

  Paraguay is optimistic about an Organization of American States resolution regarding recent events and the current situation in the country, despite strong criticism from other regional organizations such as Mercosur and Unasur.

• Monday, July 16th 2012 - 07:05 UTC

  European Parliament begins fact-finding mission in Paraguay

  

  A delegation from the European parliament begins this Monday an in-situ data collecting mission in Paraguay following the situation triggered a month ago when then President Fernando Lugo was impeached and removed from office, but which has caused the new regime a certain freezing of international links.

• Monday, July 16th 2012 - 03:21 UTC

  Merkel confident Bundestag will support aid package for Spanish banks

  

  Chancellor Angela Merkel said she was confident that a majority of German lawmakers would back aid for Spain's ailing banking sector at a special sitting of the lower house Bundestag set for Thursday.

• Monday, July 16th 2012 - 02:35 UTC

  Hollande says jobs (and neutralizing family affairs), are his priorities

  

  President Francois Hollande marked Bastille Day (July 14) celebrations with a pledge to fight industrial layoffs and clean up French politics, after watching troops parade down the Champs Elysees as jets streamed the national colours overhead.